PYPU

The Fund seeks daily investment results of 200% of the daily performance of PYPL. The Fund, under normal circumstances, invests at least 80% of its net assets in the securities of PYPL and financial instruments, such as swap agreements and options, that, in combination, provide 2X daily leveraged exposure to PYPL, consistent with the Fund's investment objective. The financial instrument in which the Fund most commonly invests is swap agreements, which are intended to produce economically leveraged investment results. PayPal Holdings, Inc. engages in the development of technology platforms that enable digital payments and simplifies commerce experiences on behalf of merchants and consumers worldwide. The Fund will enter into one or more swap agreements with major global financial institutions whereby the Fund and the global financial institution will agree to exchange the return earned on an investment by the Fund in PYPL that is equal, on a daily basis, to 200% of the value of the Fund's net assets. The Fund will attempt to achieve its investment objective without regard to overall market movement or the increase or decrease of the value of PYPL.